[ANN][ROI] ROI Coin | CPU Only Solo Mining Hybrid | 15% POS | 593% Term Deposit - page 125.

CryptoMarv

member

Activity: 154

Merit: 22

Quote from: RinceWind84 on November 27, 2017, 09:37:25 AM

Quote from: DisasterFaster on November 21, 2017, 09:29:29 PM

Quote from: Blue9999 on November 21, 2017, 06:51:04 PM

Quote from: rohitm on November 21, 2017, 06:04:08 PM

Quote from: DisasterFaster on November 21, 2017, 05:30:30 PM

I just wanted to give a quick update on the upcoming fork:

The problem:
We worked very hard to produce flawless code but frankly we missed the mark. We did extensive beta testing prior to launch and were unable to discover any issues with the coin. However, after monitoring ROI Coin since launch it has been determined that we had a bit of code that was causing an unintended result and that is that term deposit interest is not holding flat but ever increasing block by block.

The solution:
We have already modified the code and done preliminary testing and everything looks great.

What to expect:

The new wallet release will still have the original target payout interest amounts for term deposits.
The POS standard APR will be increased
Term deposits completed before the fork will pay out at the incorrect increased rates
Term deposits in process after the fork will adjust to the new corrected rates
The new wallet will be available prior to the fork and will provide a seamless move to the new code
No other changes are being implemented at the fork to reduce the possibility of issues

When will the fork happen:
Obviously we are going to do extensive testing on a test-net before release. Currently we anticipate the fork to occur within the next two weeks assuming we don't discover any issues.

Feedback:
We desire to be completely transparent and are also happy to address any questions or concerns that you might have. Just quote this post and we will do our best to respond quickly.

EDIT>> Power User Hint:
Term deposit your coins for less than two weeks and capture these increased term deposit rates while you can. Very soon they will go away and never be available again!

Awesome! Thanks for keeping us posted and for sharing that tip!! Wink

Thanks for your hard work

Btw will these affect my already 1 year deposited coins ? and what about this two week term deposit thing ?

Yes your 1 year deposit that is still in process at the fork will not yield the incorrect increased rate but rather will revert to the correct rate...

So as I read it from this post from @DisasterFaster your long term deposits will be corrected/decreased after the fork.

Unfortunately yes. Cry

RinceWind84

member

Activity: 263

Merit: 12

HODL! If it isn't a grudge...

Quote from: DisasterFaster on November 21, 2017, 09:29:29 PM

Quote from: Blue9999 on November 21, 2017, 06:51:04 PM

Quote from: rohitm on November 21, 2017, 06:04:08 PM

Quote from: DisasterFaster on November 21, 2017, 05:30:30 PM

I just wanted to give a quick update on the upcoming fork:

The problem:
We worked very hard to produce flawless code but frankly we missed the mark. We did extensive beta testing prior to launch and were unable to discover any issues with the coin. However, after monitoring ROI Coin since launch it has been determined that we had a bit of code that was causing an unintended result and that is that term deposit interest is not holding flat but ever increasing block by block.

The solution:
We have already modified the code and done preliminary testing and everything looks great.

What to expect:

The new wallet release will still have the original target payout interest amounts for term deposits.
The POS standard APR will be increased
Term deposits completed before the fork will pay out at the incorrect increased rates
Term deposits in process after the fork will adjust to the new corrected rates
The new wallet will be available prior to the fork and will provide a seamless move to the new code
No other changes are being implemented at the fork to reduce the possibility of issues

When will the fork happen:
Obviously we are going to do extensive testing on a test-net before release. Currently we anticipate the fork to occur within the next two weeks assuming we don't discover any issues.

Feedback:
We desire to be completely transparent and are also happy to address any questions or concerns that you might have. Just quote this post and we will do our best to respond quickly.

EDIT>> Power User Hint:
Term deposit your coins for less than two weeks and capture these increased term deposit rates while you can. Very soon they will go away and never be available again!

Awesome! Thanks for keeping us posted and for sharing that tip!! Wink

Thanks for your hard work

Btw will these affect my already 1 year deposited coins ? and what about this two week term deposit thing ?

Yes your 1 year deposit that is still in process at the fork will not yield the incorrect increased rate but rather will revert to the correct rate...

So as I read it from this post from @DisasterFaster your long term deposits will be corrected/decreased after the fork.

Immanuel10

newbie

Activity: 56

Merit: 0

Do you think your project is succeful ?

CryptoMarv

member

Activity: 154

Merit: 22

Quote from: HodlOrava on November 27, 2017, 09:22:00 AM

Quote from: RinceWind84 on November 27, 2017, 07:49:07 AM

I think you are misunderstanding what the fork is supposed to do.

If I am right, the main purpose of the fork is to correct this error where the long-term deposits become increasingly lucrative. And thereby correcting the estimated interest-rates.

This would mean that for whatever length of term you deposit before the fork. The period of your chosen term that happens after the fork, will only accrue the value that corresponds with the originally intended interest.

So whatever you have in you wallet right now, you should deposit with a maturation block of block 20000.

God I hope I am correct here...

OK. I thought that what happens before the fork is not altered.

So after the fork your earned balance in the wallet will be decreased. If I send some coins to my friend and made 6 months deposit, my friends earned balance shows eg 5 000 coin earned, he will notice that suddenly he has only 3 000 coins. Quite confusing it you paid something with ROIcoins

All my deposits are between 10-12 month. So I will be very sad after the fork when I will see the decreased balance. Wink

For my part it would be nice if the balance would not change with the fork. Cool

CryptoMarv

member

Activity: 154

Merit: 22

Quote from: RinceWind84 on November 27, 2017, 09:12:17 AM

It was on the slack channel that I saw this mentioned. the 22nd of November.

"

Gary Hobson 4:25 PM

its currently set to block 20000, 2 weeks from now on, but it will depend on test results. obviously right now Thanksgiving is more important "

So I don't know if this is still the plan.

OK, thanks a lot.

I am not on the slack channel, so I was wondering about the block height of 20000 you mentioned. Cool

HodlOrava

member

Activity: 120

Merit: 10

Quote from: RinceWind84 on November 27, 2017, 07:49:07 AM

I think you are misunderstanding what the fork is supposed to do.

If I am right, the main purpose of the fork is to correct this error where the long-term deposits become increasingly lucrative. And thereby correcting the estimated interest-rates.

This would mean that for whatever length of term you deposit before the fork. The period of your chosen term that happens after the fork, will only accrue the value that corresponds with the originally intended interest.

So whatever you have in you wallet right now, you should deposit with a maturation block of block 20000.

God I hope I am correct here...

OK. I thought that what happens before the fork is not altered.

So after the fork your earned balance in the wallet will be decreased. If I send some coins to my friend and made 6 months deposit, my friends earned balance shows eg 5 000 coin earned, he will notice that suddenly he has only 3 000 coins. Quite confusing it you paid something with ROIcoins

RinceWind84

member

Activity: 263

Merit: 12

HODL! If it isn't a grudge...

It was on the slack channel that I saw this mentioned. the 22nd of November.

"

Gary Hobson 4:25 PM

its currently set to block 20000, 2 weeks from now on, but it will depend on test results. obviously right now Thanksgiving is more important "

So I don't know if this is still the plan.

CryptoMarv

member

Activity: 154

Merit: 22

Quote from: RinceWind84 on November 27, 2017, 09:01:06 AM

Quote from: CryptoMarv on November 27, 2017, 08:42:47 AM

Quote from: RinceWind84 on November 27, 2017, 07:49:07 AM

Quote from: HodlOrava on November 27, 2017, 07:21:10 AM

Quote from: RinceWind84 on November 27, 2017, 05:48:57 AM

I am under the impression that the fork is roughly planned to happen at block 20000.
And that long term deposits that has been set for later blocks than 20000 will be corrected by the fork, so that the increased rates will only have an effect up until the block of the fork.

If I extrapolate to block 20 000 rate will be over 1900% (20x). 100% => 2x, 200% => 3x, 1900% => 20x. The earlier to made your deposits the lower the relative value will be.

If the fork will happet at block 20 000 ATM you should make deposits which will mature before block 20 00 so can deposit your coins second time before the fork.

I think you are misunderstanding what the fork is supposed to do.

If I am right, the main purpose of the fork is to correct this error where the long-term deposits become increasingly lucrative. And thereby correcting the estimated interest-rates.

This would mean that for whatever length of term you deposit before the fork. The period of your chosen term that happens after the fork, will only accrue the value that corresponds with the originally intended interest.

So whatever you have in you wallet right now, you should deposit with a maturation block of block 20000.

God I hope I am correct here...

Nobody knows exactly when the fork will be done. Are you a member of the dev team or why do you recommend to deposit to block 20000? Perhaps the fork will be earlier or later...

I am not a member of the dev team. I just seem to remember that block 20000 was set for a supposed goal for the fork to be made. I searched for that post but couldn't find it.
As I recall it wasn't a sure thing, just a best bet at the time.

OK, perhaps the devs could bring light into the darkness later, about the planned block hight of the fork. :-)

RinceWind84

member

Activity: 263

Merit: 12

HODL! If it isn't a grudge...

Quote from: CryptoMarv on November 27, 2017, 08:42:47 AM

Quote from: RinceWind84 on November 27, 2017, 07:49:07 AM

Quote from: HodlOrava on November 27, 2017, 07:21:10 AM

Quote from: RinceWind84 on November 27, 2017, 05:48:57 AM

I am under the impression that the fork is roughly planned to happen at block 20000.
And that long term deposits that has been set for later blocks than 20000 will be corrected by the fork, so that the increased rates will only have an effect up until the block of the fork.

If I extrapolate to block 20 000 rate will be over 1900% (20x). 100% => 2x, 200% => 3x, 1900% => 20x. The earlier to made your deposits the lower the relative value will be.

If the fork will happet at block 20 000 ATM you should make deposits which will mature before block 20 00 so can deposit your coins second time before the fork.

I think you are misunderstanding what the fork is supposed to do.

If I am right, the main purpose of the fork is to correct this error where the long-term deposits become increasingly lucrative. And thereby correcting the estimated interest-rates.

This would mean that for whatever length of term you deposit before the fork. The period of your chosen term that happens after the fork, will only accrue the value that corresponds with the originally intended interest.

So whatever you have in you wallet right now, you should deposit with a maturation block of block 20000.

God I hope I am correct here...

Nobody knows exactly when the fork will be done. Are you a member of the dev team or why do you recommend to deposit to block 20000? Perhaps the fork will be earlier or later...

I am not a member of the dev team. I just seem to remember that block 20000 was set for a supposed goal for the fork to be made. I searched for that post but couldn't find it.
As I recall it wasn't a sure thing, just a best bet at the time.

CryptoMarv

member

Activity: 154

Merit: 22

Quote from: RinceWind84 on November 27, 2017, 07:49:07 AM

Quote from: HodlOrava on November 27, 2017, 07:21:10 AM

Quote from: RinceWind84 on November 27, 2017, 05:48:57 AM

I am under the impression that the fork is roughly planned to happen at block 20000.
And that long term deposits that has been set for later blocks than 20000 will be corrected by the fork, so that the increased rates will only have an effect up until the block of the fork.

If I extrapolate to block 20 000 rate will be over 1900% (20x). 100% => 2x, 200% => 3x, 1900% => 20x. The earlier to made your deposits the lower the relative value will be.

If the fork will happet at block 20 000 ATM you should make deposits which will mature before block 20 00 so can deposit your coins second time before the fork.

I think you are misunderstanding what the fork is supposed to do.

If I am right, the main purpose of the fork is to correct this error where the long-term deposits become increasingly lucrative. And thereby correcting the estimated interest-rates.

This would mean that for whatever length of term you deposit before the fork. The period of your chosen term that happens after the fork, will only accrue the value that corresponds with the originally intended interest.

So whatever you have in you wallet right now, you should deposit with a maturation block of block 20000.

God I hope I am correct here...

Nobody knows exactly when the fork will be done. Are you a member of the dev team or why do you recommend to deposit to block 20000? Perhaps the fork will be earlier or later...

RinceWind84

member

Activity: 263

Merit: 12

HODL! If it isn't a grudge...

Quote from: HodlOrava on November 27, 2017, 07:21:10 AM

Quote from: RinceWind84 on November 27, 2017, 05:48:57 AM

I am under the impression that the fork is roughly planned to happen at block 20000.
And that long term deposits that has been set for later blocks than 20000 will be corrected by the fork, so that the increased rates will only have an effect up until the block of the fork.

If I extrapolate to block 20 000 rate will be over 1900% (20x). 100% => 2x, 200% => 3x, 1900% => 20x. The earlier to made your deposits the lower the relative value will be.

If the fork will happet at block 20 000 ATM you should make deposits which will mature before block 20 00 so can deposit your coins second time before the fork.

I think you are misunderstanding what the fork is supposed to do.

If I am right, the main purpose of the fork is to correct this error where the long-term deposits become increasingly lucrative. And thereby correcting the estimated interest-rates.

This would mean that for whatever length of term you deposit before the fork. The period of your chosen term that happens after the fork, will only accrue the value that corresponds with the originally intended interest.

So whatever you have in you wallet right now, you should deposit with a maturation block of block 20000.

God I hope I am correct here...

HodlOrava

member

Activity: 120

Merit: 10

Quote from: RinceWind84 on November 27, 2017, 05:48:57 AM

I am under the impression that the fork is roughly planned to happen at block 20000.
And that long term deposits that has been set for later blocks than 20000 will be corrected by the fork, so that the increased rates will only have an effect up until the block of the fork.

If I extrapolate to block 20 000 rate will be over 1900% (20x). 100% => 2x, 200% => 3x, 1900% => 20x. The earlier to made your deposits the lower the relative value will be.

If the fork will happet at block 20 000 ATM you should make deposits which will mature before block 20 00 so can deposit your coins second time before the fork.

RinceWind84

member

Activity: 263

Merit: 12

HODL! If it isn't a grudge...

I am under the impression that the fork is roughly planned to happen at block 20000.
And that long term deposits that has been set for later blocks than 20000 will be corrected by the fork, so that the increased rates will only have an effect up until the block of the fork.

CryptoMarv

member

Activity: 154

Merit: 22

Quote from: diptocoli on November 26, 2017, 09:16:48 PM

The new fork will happen at what time?

There is no fix date yet. But dev said it will happen in the next 1-2 weeks.

diptocoli

member

Activity: 89

Merit: 10

The new fork will happen at what time?

newgil

member

Activity: 129

Merit: 18

Whiskey in Jairo! ♫ ♪

Quote from: seasonw on November 26, 2017, 05:09:12 PM

Quote from: JungleOnion on November 26, 2017, 05:03:53 PM

I would like to know the new percentages for deposits because I didn't know about the fork and I wasn't aware that the percentages were going to decrease. I have, I think, 1 month 2 months and 2 weeks deposits.

I think after the new fork, it will be back to normal as OP stated, roughly 600% at 12 months term deposit instead of nearly 1400% currently.

1400%

WOW, this fork is really needed!

So after the fork the intrests payment will follow correctly the information available on ROI Coin Wbesite, that says that for a 12 months term deposit, the intrests payments will be arround 600% (What i think is already good too)

seasonw

hero member

Activity: 714

Merit: 500

Quote from: JungleOnion on November 26, 2017, 05:03:53 PM

I would like to know the new percentages for deposits because I didn't know about the fork and I wasn't aware that the percentages were going to decrease. I have, I think, 1 month 2 months and 2 weeks deposits.

I think after the new fork, it will be back to normal as OP stated, roughly 600% at 12 months term deposit instead of nearly 1400% currently.

JungleOnion

sr. member

Activity: 868

Merit: 279

I would like to know the new percentages for deposits because I didn't know about the fork and I wasn't aware that the percentages were going to decrease. I have, I think, 1 month 2 months and 2 weeks deposits.

HodlOrava

member

Activity: 120

Merit: 10

When will the fork happen?

ATM 1 coin => 14 coins if you make 12 months deposit. Those who know when the fork will happen can make a lot more money. Making too early deposits you can lose eg 400 percentage points.

DisasterFaster

sr. member

Activity: 770

Merit: 264

Quote from: newgil on November 26, 2017, 12:23:32 PM

Thank's

I am finishing the article and I have one more question...

What is the ROI Coin total suply, the circulating suply and its current marketcap ?

Regards

Total supply is 1 billion but that does not include coin gain from standard POS and term deposits.

Current marketcap based on 0.000000796 Satoshi / $.00719 USD X 61761150.88268524 coins = 49.16187610261745104 BTC / $444,062.67 USD

Topic: [ANN][ROI] ROI Coin | CPU Only Solo Mining Hybrid | 15% POS | 593% Term Deposit - page 125. (Read 107976 times)